Canada's inflation rose to 3% due to higher oil prices, but the Bank of Canada is expected to hold interest rates steady next month. Variable mortgage rates likely remain stable, while fixed rates face uncertainty. Home sales and prices are rising, signaling a positive housing market outlook. A potential US-Canada trade deal and reduced tariff threats could boost market confidence and encourage more homebuyers, especially first-timers.
Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.
When it comes to buying or building your next home, a thoughtful plan makes all the difference. Start by outlining what you truly need in a home, consider the type of community you want to be part of, and set a comfortable budget. Whether you’re leaning toward building from scratch or purchasing an existing property, it’s important to weigh all related costs and do your homework—especially when it comes to researching reputable builders. As someone who’s been guiding Calgary families through these decisions for years, I know that consulting trusted professionals can bring peace of mind throughout the process. And don’t overlook the essentials: warranties and the right insurance are there to help safeguard your investment, so you can wake up each morning in a home that truly fits. If you’re ready to start your journey, I’m here to help make it as smooth as possible.
Three Calgary neighbourhoods have median home prices over $1 million: Altadore ($1,259,500), West Hillhurst ($1,250,000), and Springbank Hill ($1,200,000). Altadore is the most expensive and fastest-selling, with homes selling in an average of 23 days. Richmond and Wildwood follow with median prices of $940,000 and $935,000, respectively.
In Calgary, housing affordability improved during Q2 2026, placing the city among six tracked metros that posted quarterly gains in the latest monitor.
The broader monitor described this as part of a record 10-quarter improvement streak, showing affordability kept moving in a better direction through Q2 2026.
Even with Calgary improving, the monitor said affordability remained below historical norms across every metro it tracked, underscoring that progress has not fully reset conditions.
Across the tracked market set, the latest gains came as falling prices outweighed slightly higher mortgage rates, a shift from the earlier rate-driven recovery.
Looking ahead, the bank did not expect mortgage rates to deliver more affordability relief, leaving income growth and contained home-price gains as key supports.
Canadian home sales are showing renewed momentum, but buyers remain cautious and overall activity is still below last year’s levels.
New listings are declining while sales improve, gradually bringing supply and demand closer to more balanced conditions.
Price growth remains restrained, giving buyers more stability without creating the sharp correction many had anticipated.
Regional differences remain significant, making market selection increasingly important for buyers and sellers across Canada.
The Bank of Canada is currently holding at 2.25%, but several major-bank forecasts now anticipate gradual increases during 2027.
Stronger economic growth could give policymakers more room to normalize rates if inflation pressures remain persistent.
Higher rates would raise borrowing costs for households and businesses while potentially improving returns on savings and fixed-income investments.
Investors may need to prepare for a less accommodative environment, balancing improving growth against renewed interest-rate pressure.
Right now, Calgary’s housing market is truly tilting in favor of buyers. According to the latest report, 97% of our neighborhoods are seeing homes sell for about $10,000 below the asking price. With more inventory on the market, a steady economy, and population growth easing up, affordability is improving—especially for first-time buyers. As someone who’s spent years guiding Calgary families through these shifts, I know how much a little extra breathing room can mean when you’re looking for that next place to call home. Whether you’re stepping into the market for the first time, thinking about a downsize, or searching for the perfect fit in a new neighborhood, opportunities like these don’t come around every day. If you have questions about how this market can work for you, I’m always here to help you find the home you’ll love waking up in.
